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Nicola sells 143,813 SF Chandler business park to undisclosed buyer
The Class A industrial property, fully leased to five tenants, totals 143,813 square feet across two buildings along East Germann Road.
Cushman & Wakefield’s National Industrial Advisory Group arranged the sale of South Valley Business Park in Chandler, Arizona, covering 143,813 square feet across two Class A buildings at 1710 and 1720 East Germann Road, according to ConnectCRE.
The buildings were developed in 2022 as a joint venture between Hopewell Development and Nicola Wealth Real Estate, and were later acquired by Nicola Wealth the same year as an investment property, ConnectCRE said.
The transaction was facilitated by Cushman & Wakefield advisors Will Strong, Jack Stamets, Molly Miller, Michael Matchett, and Madeline Warren, who represented both the seller and the undisclosed buyer.
South Valley Business Park is fully leased to five tenants and includes long-term tenant EMD Electronics, with direct frontage on East Germann Road and access to Loop 202, ConnectCRE reported.